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Deep Dive: PPP Loan Forgiveness Guidance
May 27, 2020
On Friday, May 22, 2020, just one week after releasing the forgiveness application, the Small Business Administration (SBA) and the Department of Treasury released additional guidance in the form of an interim final rule on loan forgiveness. While the rule provided some clarity, additional guidance is still necessary in many areas. We’ll continue to keep you up-to-date with timely and relevant posts as guidance is issued and new laws are passed, including the much-needed PPP Flexibility Act.